Bank of Stockton Sells 643 Shares of Parker-Hannifin Corporation $PH

Bank of Stockton cut its stake in shares of Parker-Hannifin Corporation (NYSE:PH) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,089 shares of the industrial products company’s stock after selling 643 shares during the quarter. Parker-Hannifin makes up approximately 1.4% of Bank of Stockton’s portfolio, making the stock its 15th biggest position. Bank of Stockton’s holdings in Parker-Hannifin were worth $4,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd grew its holdings in Parker-Hannifin by 243.3% during the 1st quarter. R Squared Ltd now owns 2,266 shares of the industrial products company’s stock worth $2,029,000 after acquiring an additional 1,606 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of Parker-Hannifin by 29.9% during the 1st quarter. Resonant Capital Advisors LLC now owns 486 shares of the industrial products company’s stock valued at $435,000 after purchasing an additional 112 shares in the last quarter. Swedbank AB grew its stake in Parker-Hannifin by 0.9% during the first quarter. Swedbank AB now owns 349,507 shares of the industrial products company’s stock worth $312,893,000 after purchasing an additional 2,985 shares during the period. Collaborative Fund Advisors LLC bought a new stake in Parker-Hannifin in the first quarter worth approximately $235,000. Finally, Nvest Financial LLC increased its holdings in Parker-Hannifin by 33.2% in the first quarter. Nvest Financial LLC now owns 859 shares of the industrial products company’s stock worth $769,000 after purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 82.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on PH shares. Truist Financial raised their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Stifel Nicolaus boosted their target price on shares of Parker-Hannifin from $965.00 to $1,000.00 and gave the company a “hold” rating in a research report on Friday, April 10th. Evercore set a $1,064.00 target price on shares of Parker-Hannifin in a research note on Monday, May 11th. Wells Fargo & Company decreased their price target on shares of Parker-Hannifin from $980.00 to $950.00 and set an “overweight” rating for the company in a research note on Tuesday, May 26th. Finally, Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,026.86.

Parker-Hannifin Trading Down 1.4%

PH opened at $957.51 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.66. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96. The firm has a market capitalization of $120.73 billion, a PE ratio of 35.32, a P/E/G ratio of 2.60 and a beta of 1.11. The company’s 50-day moving average is $906.98 and its 200 day moving average is $929.42.

Parker-Hannifin (NYSE:PH) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. The business had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.40 billion. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.94 EPS. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. As a group, research analysts predict that Parker-Hannifin Corporation will post 31.26 earnings per share for the current fiscal year.

Parker-Hannifin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 0.8%. This is an increase from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. Parker-Hannifin’s dividend payout ratio is currently 29.51%.

Parker-Hannifin Company Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.